Tech Brief (Nov. 12): China’s Auto Market Hits Electric Milestone
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U.S. suspends sweeping export control rule for one year after China trade talks
The U.S. has temporarily halted a sweeping export control rule, which had vastly expanded trade blacklist restrictions and swept in thousands of Chinese firms. In an announcement Monday, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) said it would pause its so-called 50% ownership rule designed to limit exports to entities that are majority owned by blacklisted companies until Nov. 9, 2026. The suspension is part of a broader agreement reached by presidents Donald Trump and Xi Jinping in Kuala Lumpur late last month, where Washington promised to halt the 50% ownership rule for one year in exchange for Beijing’s agreement to suspend its retaliatory trade measures announced in early October for one year.
China’s auto market hits electric milestone
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- The U.S. suspended its strict export control "50% ownership rule" for one year after trade talks with China, in exchange for a pause on China’s retaliatory measures.
- In October, over 51.6% of new car sales in China were new-energy vehicles; total auto sales reached a record 3.32 million units.
- China’s robotics industry revenue grew 29.5% in the first three quarters of 2025, with robot production surpassing 2024’s annual totals.
- Hesai Technology
- Hesai Technology, a Chinese lidar-maker, reported a significant turnaround, achieving a net profit of 256 million yuan ($36 million) in the third quarter. This marks a swing from a loss in the previous year and surpasses its full-year profitability target ahead of schedule. The company's revenue surged by 47.5% year-on-year, reaching 795 million yuan. Hesai also saw a substantial increase in lidar deliveries, totaling 441,400 units, with 380,800 for driver-assistance systems and 60,600 for robotics.
- Huawei
- China's foreign ministry has criticized reports stating that the European Commission is considering compelling EU member states to phase out equipment from Huawei and ZTE in their telecom networks. They argue that such measures, lacking legal or factual basis, violate market principles and fair competition, potentially hindering technological and economic progress.
- ZTE
- The European Commission is reportedly considering forcing EU member states to phase out equipment from ZTE, alongside Huawei, from their telecom networks. China's foreign ministry spokesperson, Lin Jian, criticized this potential move, stating it seriously violates market principles and fair competition rules, urging the EU to provide a fair business environment for Chinese companies.
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